Historic Charleston Foundation

Analysis

Historic Charleston Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in August 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Charleston Foundation reported income of $5.5m and spending of $5.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $5.5m (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Charleston Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Memorial Health Care System Foundation Inc ($5.5m), Catholic Foundation for Diocese of Salina ($5.5m) and Country Childrens Center Inc ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $425k (8.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $33.5m against liabilities of $798k, net assets of $32.7m. It reported 130 employees.